Today Silver Rate in Nagpur (05 March 2026): Per Kg, 100g & 10g
Disclaimer: Rates are indicative and may vary by jeweller. Making charges, wastage and GST (3%) may apply.
Silver Investment Guide for Nagpur
Industrial Use & Jewelry
Taxation on Silver
Checklist Before Buying
2. For bullion (coins/bars), ensure 999 purity.
3. Verify weight carefully as silver is often sold in larger quantities.
Live Silver Price Trends in Nagpur
As of 05 March 2026, the silver rate in Nagpur is ₹2,85,000 per kg (999 fine silver). That works out to ₹28,500 per 100 grams and ₹2,850 per 10 grams. Silver prices are updated 6× daily from the MCX benchmark. Unlike gold, silver is also an industrial metal — global demand from electronics and solar panels impacts the price alongside currency movements. Use the weight selector above to check the exact price for the quantity you plan to buy.
Nagpur's silver market is active in Sadar and Itwari areas. Silver utensils — especially silver plates and glasses — are traditional wedding gifts in Vidarbha households. Silver pooja items and Lakshmi idols are top sellers during Diwali. The city also sees strong silver coin demand as an investment alternative.
Nagpur silver rate today (05 March 2026): ₹2,850/10g, ₹28,500/100g & ₹2,85,000/kg. Updated 6× daily.
Trend
| Date | Price / g | Change / g |
|---|---|---|
| 05 March 2026 | ₹285 | ₹0 (+0.00%) |
| 04 March 2026 | ₹285 | -₹10 (-3.39%) |
| 03 March 2026 | ₹295 | -₹20 (-6.35%) |
| 02 March 2026 | ₹315 | +₹20 (+6.78%) |
| 01 March 2026 | ₹295 | ₹0 (+0.00%) |
| 28 February 2026 | ₹295 | +₹10 (+3.51%) |
| 27 February 2026 | ₹285 | ₹0 (+0.00%) |
| 26 February 2026 | ₹285 | ₹0 (+0.00%) |
| 25 February 2026 | ₹285 | ₹0 (+0.00%) |
| 24 February 2026 | ₹285 | -₹15 (-5.00%) |
Silver Rate in Other Cities
FAQ
How is the silver rate in Nagpur calculated?
The silver rate in Nagpur is primarily determined by international prices (COMEX), the performance of the Indian Rupee against the Dollar, and local demand. Unlike gold, silver is an industrial metal, so global manufacturing demand also impacts the price in Nagpur.
Should I buy silver in Nagpur today?
Silver is often called the "poor man's gold" and is a popular investment. If the Nagpur silver rate is currently consolidating or lower than the weekly peak, it may be a good time for bulk purchases like silver bars or utensils.
What are the different purities of silver available in Nagpur?
The most common purities in Nagpur are 999 (Fine Silver), used for coins and bars, and 925 (Sterling Silver), which is used for jewelry and silverware to ensure durability.
Are silver rates the same as gold rates in Nagpur?
No, silver is much more affordable but more volatile than gold. While both respond to inflation, silver has a higher correlation with industrial production and economic cycles in Nagpur.
Is there GST on silver in Nagpur?
Yes, just like gold, a 3% Goods and Services Tax (GST) is applicable on the total value of silver purchased in Nagpur. Making charges for silver articles also attract separate taxation.